Are POS system hardware like Square a business expense or Capital Cost?

[kaorszty]

Are POS system hardware like Square a business expense or Capital Cost? I know the fees and potentially receipt paper are business expenses but is the physical system? If they are business expenses, which section do they fall under? 

[Charlotte0021]

Systems software for computer hardware or data-processing equipment is considered capital expenses which fall into class 10 with a capital cost allowance (CCA) rate of 30%. 

This means that if you spent $600 on software in this category, you may write off $180 for the year of purchase. If you dispose of the software before claiming all of its capital cost, you may write off a portion of the unclaimed CCA.

To know more about computer software expenses, please visit this TurboTax article: Computer Software Deductions for Business Owners. 

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